IMF Staff Country Reports

Dominica: Recent Economic Developments

Publication Date:

July 18, 1997

Summary:

This paper describes economic developments in Dominica during the 1990s. The paper highlights that despite the low overall growth rates observed in 1991–95, output in service-related industries grew rapidly. The hotels and restaurants sector expanded at a yearly average rate of 7.5 percent in 1991–95, while Dominica’s tourism receipts increased at an average annual rate of about 9 percent. Tourism expansion also stimulated transportation services, and value added in the transportation sector grew on average by 4½ percent annually.

Series:

Country Report No. 1997/053

Subject:

Agricultural commodities Commercial banks Commodities Economic sectors Exports External debt Financial institutions International trade Public sector